Rapper Nas' Loses Home to Foreclosure
Posted by Jeffrey Harris on 10.14.2012
Nas' home in Georgia auctioned off by bank...
TMZ reports that rapper Nas has lost his house in Georgia to foreclosure and he's in tax debt.
Nas reportedly purchased the 2-bedroom, 3-bath home in 2004 for $585,000. The SunTrust bank who issued him the loan says Nas couldn't foot the bill and he defaulted on payments, so he still owes $507,000.
SunTrust foreclosed on the property and sold it to the highest bidder at public auction for $384,500 which is less than what the rapper paid 8 years ago.